Nifty Bullish views.( Inverse HnS analog here)

I thought that Nifty would atleast touch the Lower Bollinger band. But it did not. Though the Analog was as good as it gets . But that doesnt mean it did not work . Now we have to see whats ahead. First lets see where the market bounced  from .
Bounced just above the 233 DMA, touched the 34 SMA, and also 33% retracement.

Now look at the following combination of HnS and Inverse HnS that we found when Nifty was climbing last January .

Now check this current Market doing a similar formation . I bet Nifty Futures will first target that Neckline at 5563. And then come back to complete the right shoulder . This is massively bullish if this analog works.

Also another reason to be bullish is the following chart of AUD/USD. I thought yesterday that we might come back to complete a 5 wave abcde bull flag. But the resistance line has been taken apart.

Doolar chart updated. The dollar analog correctly called the dollar movement .

http://markettechnicals-jonak.blogspot.com/2012/02/dollar-analog-suggests-much-lower.html

Many people were calling for higher dollar by looking at the higher lows of the dollar. Its been going low and now we can see a HnS confirmed in daily chart . Next support is at the pink line and 61.8% retracement at 77.58

Bullish for NIFTY.